Expiry of fixed rate interest loans to wreak havoc on housing market

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The expiry of hundreds of billions of dollars' worth of fixed-interest home loans this year looks set to wreak havoc on Australia’s housing market.

The expiry of hundreds of billions of dollars worth of fixed-interest home loans this year looks set to wreak havoc on Australia’s housing market.Most of these loans were made during the COVID-19 pandemic when rates were at a record low.

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Brutal but necessary. Young families need cheaper house prices. Rich people with multiple houses lose. Good news story unless the government print another trillion to fix it.

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